On August 6, Axon Enterprise, Inc. fell 5.02% in regular trading, trading at approximately $577.64 per share, with turnover of $140 million. The decline came one day after the company released Q2 earnings that initially lifted shares over 6% in after-hours trading.
Specifically, Q2 revenue rose 35.3% year-over-year to $904.4 million, exceeding the consensus estimate of $876.4 million. Non-GAAP EPS came in at $1.88, beating the $1.84 estimate but declining 13.8% from $2.18 a year ago. The company also raised its full-year revenue growth guidance to 32%-34%, up from 30%-32% previously. Despite the double beat and raised outlook, the year-over-year EPS decline raised concerns about earnings quality, while the stock had already rallied significantly ahead of the report, intensifying profit-taking pressure during regular trading.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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